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$AAL said in 1Q16, in the Atlantic, PRASM was down 2.1%. Across the Pacific, PRASM was down 16% on 29% ASM growth with continued weakness in Japan and China but positive YoverY PRASM in South Korea. Latin America PRASM was down 17% with weakness concentrated in Brazil and Venezuela where PRASM was down 39% and 48% respectively.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.